Egypt’s tourism revenues rise to $12.5 bln in FY2018/19

Egypt’s tourism industry sees revenue increase

Egypt’s revenues in the tourism sector rose by $2.7 billion to $12.5 billion during the financial year 2018/2019, the central bank reported on Thursday.
According to the source, Egypt jumped nine places in the Travel and Tourism Competitiveness Index published by the World Economic Forum in September, to reach position 65.

According to the report, Egypt is the leading country in the Middle East and North Africa in terms of environmental sustainability and cultural resources, and the country also showed the best performance in the region’s security and protection index.

The document also highlights that Egypt made a great leap in its tourism promotion and marketing strategy.

A report issued on Tuesday by the World Bank praised the structural reforms carried out in the country, noting that the financial measures were worthwhile and led to a gradual decrease of the fiscal deficit.
Source: Prensa Latin